PADULA FAMILY FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ELISA PADULA CARDONE

Phone

4015298355

Tax Period

2022-01-01 to 2022-12-31

PADULA FAMILY FOUNDATION, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $30K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO HELP PROVIDE FINANCIAL ASSISTANCE TO VARIOUS CHARITABLE ORGANIZATIONS IN RHODE ISLAND AND OTHER STATES

Program Service Accomplishments

Program 1

Expenses: $4,500

THE PROVIDENCE CENTER 528 NORTH MAIN STREET PROVIDENCE, RI 02904

Program 2

Expenses: $3,250

UCAP 75 CARPENTER STREET PROVIDENCE, RI 02903

Program 3

Expenses: $3,000

FLORIDA SHERIFFS YOUTH RANCHES, INC. P.O. BOX 2000 BOYS RANCH, FL 32066

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,150

Program Service Revenue $0

Investment Income $21,368

Other Revenue $-423

TOTAL REVENUE $30,095

Expense Breakdown

Grants Paid $40,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,019

Other Expenses $3,769

TOTAL EXPENSES $44,019

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,095	$58,898	-0.5%
Expenses	$44,019	$45,237	0.0%
Net Income	$-13,924	$13,661	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISA PADULA CARDONE	TREASURER	2.00	Officer	$0	$0	$0
CHRISTINE H PADULA	SECRETARY	2.00	Officer	$0	$0	$0
JOSEPH J PADULA	VICE PRESIDE	2.00	Officer	$0	$0	$0
ROBERT G PADULA	PRESIDENT	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$30,095	$44,019	$715,481	$-13,924
2021	$58,898	$45,237	$803,561	$13,661
2020	$31,308	$44,000	$789,900	$-12,692